# Dundas Partners LLP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1742418. Source: https://holderbook.com/funds/1742418-dundas-partners-llp/

- Reported value: $1.4B
- Positions: 31
- Weight of the ten largest: 62.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $182.6M | 252,561 | 13.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $126.7M | 265,365 | 9.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $99.9M | 282,696 | 7.2% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $87.2M | 494,362 | 6.3% | 20 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $76.2M | 191,739 | 5.5% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $69.8M | 203,458 | 5.0% | 26 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $63.6M | 170,547 | 4.6% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $57.9M | 171,110 | 4.2% | 31 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $50.8M | 238,768 | 3.7% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $48.8M | 97,396 | 3.5% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $43.4M | 243,241 | 3.1% | 9 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $40.4M | 512,023 | 2.9% | 13 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $39.6M | 163,876 | 2.9% | 11 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $39.6M | 203,021 | 2.9% | 10 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $39.1M | 610,267 | 2.8% | 19 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $38.5M | 423,933 | 2.8% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $33.8M | 65,751 | 2.4% | 9 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $31.6M | 141,280 | 2.3% | 22 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $29.9M | 95,028 | 2.2% | 26 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $27.5M | 390,567 | 2.0% | 26 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $27.1M | 19,901 | 2.0% | 31 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $21.8M | 164,888 | 1.6% | 1 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $21.8M | 842,852 | 1.6% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $18.7M | 119,681 | 1.4% | 4 |
| ALCON AG | [ALC](https://holderbook.com/stocks/ALC/) | $16.9M | 249,707 | 1.2% | 13 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $13.7M | 52,445 | 1.0% | 6 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $11.7M | 163,462 | 0.8% | 31 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $10.7M | 67,627 | 0.8% | 19 |
| RB GLOBAL INC | [RBA](https://holderbook.com/stocks/RBA/) | $9.5M | 81,664 | 0.7% | 13 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $2.4M | 29,645 | 0.2% | 1 |
| EAST WEST BANCORP INC | [EWBC](https://holderbook.com/stocks/EWBC/) | $1.4M | 10,672 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.5% | +14.8% | -0.3% | 100% |
| Q1 2026 | -7.7% | -4.6% | -3.1% | 100% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 100% |
| Q3 2025 | +2.0% | +7.8% | -5.8% | 100% |
| Q2 2025 | +8.5% | +10.5% | -1.9% | 100% |
| Q1 2025 | -1.5% | -4.6% | +3.0% | 100% |
| Q4 2024 | -0.1% | +2.1% | -2.3% | 100% |
| Q3 2024 | +9.0% | +5.4% | +3.6% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.4B | 31 |
| Q1 2026 | $1.3B | 49 |
| Q4 2025 | $1.4B | 49 |
| Q3 2025 | $1.4B | 50 |
| Q2 2025 | $1.4B | 50 |
| Q1 2025 | $1.4B | 49 |
| Q4 2024 | $1.4B | 50 |
| Q3 2024 | $1.4B | 51 |
| Q2 2024 | $1.3B | 50 |
| Q1 2024 | $1.3B | 46 |
| Q4 2023 | $1.1B | 47 |
| Q3 2023 | $1.0B | 50 |